NQ, D1

On the daily chart, the instrument is trading at the upper border of Bollinger bands. The indicator is directed upwards, and the price range has expanded, which reflects the development of the upward trend. MACD histogram is in the positive area, holding a strong buy signal. Stochastic entered the overbought area, a strong sell signal could be formed during the current week.

NQ, H4

On the 4-hour chart, the instrument is trading at historic highs, testing the psychological resistance level of 7400.00. Bollinger bands are directed upwards, while the price range has slightly decreased, which indicates a correction of the upward trend. MACD histogram is in the positive area, holding a strong buy signal. Stochastic is approaching the overbought area, giving is no signal to enter the market.

Key Levels

Resistance levels: 7400.0, 7439.0.

Support levels: 7365.0, 7313.2, 7255.7, 7198.2, 7136.6, 7089.4, 7033.9.

Trading tips

Long positions can be opened above the level of 7405.0 with the targets at 7465.0, 7480.0 and stop loss 7375.0. Implementation period: 2–3 days.

Short positions can be opened below the level of 7365.0 with the target at 7290.0 and the stop loss 7385.0. Implementation period: 1–3 days.

NASDAQ100 index of the American stock exchange

BuySellSpread
7095.17088.170

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point7406.0
Take Profit7465.0, 7480.0
Stop Loss7375.0
Support levels7033.9, 7089.4, 7136.6, 7198.2, 7255.7, 7313.2, 7365.0, 7400.0, 7439.0

Alternative scenario

RecommendationsSELL STOP
Entry Point7364.0
Take Profit7290.0
Stop Loss7385.0
Support levels7033.9, 7089.4, 7136.6, 7198.2, 7255.7, 7313.2, 7365.0, 7400.0, 7439.0
NQ: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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